Visakhapatnam development body to accept invalid currency

VISAKHAPATNAM: Visakhapatnam Urban Development Authority (Vuda) has started accepting the invalid Rs 500 and Rs 1,000 from Thursday. Confirming this, Vuda secretary A Srinivas said they have instructions from the government to accept the notes as payments from people.

​Meanwhile, APEPDCL officials said they were getting a tremendous response from the public in the form of deposits of Rs 500 and Rs 1,000 currency notes. They received nearly Rs 110 crore through the banned notes since November 11. A senior official from APEPDCL said they also launched a special campaign to raise awareness among people about using the banned currency to pay pending arrears.

GVMC deputy commissioner for revenue V Ravindra said the corporation is also getting a tremendous response from tax payers.

On the other hand, a senior official from department of posts said they received nearly Rs 10 crore of deposits and exchanges in the four districts on Thursday but added that the response was ​less when compared with the previous days as the situation has improved.